Exactly. The blatant cozy relationship between government and corporations, using lobbyists (aka, former civil servants) as a broker makes the regulators so ineffective as to be worthless.

Hell, the government can't even effectively regulate itself. Look at the NSA "oversight" for example. Ostensibly it is there to regulate the NSA. In fact the NSA simply refuses requests by the oversight committee and nothing happens.

At what point with the AT&T's just start saying no to regulator demands and get away with it? I suspect its already happening.